Articles from August, 2010

The New Generation of Bank Fees And How to Avoid Them

from MintLife Personal Finance News & Advice
 
recent financial sector reforms have largely outlawed these practices. And while consumers are no doubt jumping for joy, the banks are not quietly accepting the loss of billions of dollars in annual profit. Instead, they have already rolled out a series of new (and perfectly legal) fees, ranging from [...]

Investing 101: Hidden Fees in No-Load Funds

from MintLife Personal Finance News & Advice
 
One of the primary advantages in mutual fund investing is its simplicity compared to owning stocks — or so some investors believe. It’s true that professional management, diversification, and the ease of reinvesting earnings, are all great advantages. But when you pick one mutual fund over another, are you [...]

Corporate bosses are whining, even though they’re reporting record profits.

from Slate – Moneybox
 
It’s hard out there for a CEO. There’s a Democrat in the White House, and Washington is being ruled by a coalition of socialists and anti-capitalist thugs. There’s uncertainty about taxes and policy. Business leaders are constantly being vilified for taking home huge paychecks without providing meaningful returns to shareholders, or creating [...]

Can mom afford to work only part-time?

from CNN Money Personal Finance
 
Shawn and Mary Kate DeRose live comfortably on a combined $133,000 income. They pay their debts, save for retirement, even have room to splurge on dinners out and high-end gym memberships.
 

FundWatch: Death of equities may be exaggerated

from Moneywatch Personal Finance
 
Reports of investors fleeing the stock market may have been overstated. In fact, rather than leaving stocks behind, evidence suggests that investors are ditching U.S. stock mutual-fund managers and putting money into index funds.
 

For The Unbanked, a Second Chance

from MintLife Personal Finance News & Advice
 
Surely you’ve heard that there are a lot of people in the US who don’t have a bank account. The “unbanked,” as they’re called, feature in all sorts of political arguments—about predatory lending, about personal responsibility, about the state of America’s finances. [...]
 

Personal Finance Daily: The push for a mortgage rate that starts with ‘3′

from Moneywatch Personal Finance
 
Read Amy Hoak’s Home Economics column on what you need to consider before buying into a 15-year mortgage. Also, find out about large U.S. companies’ plans for salary hikes next year (they’ll be higher than this year — maybe), and learn about small-business owners’ growing worries about the future. [...]
 

Four FICO Score Myths, Busted

from MintLife Personal Finance News & Advice
 
FICO’s entry into the mortgage market meant more press, more attention, more criticism, more work for me, and a whole lot of incorrect information being passed off as the truth.
 

Are You Sure You’re Getting A Good Deal? Mint’s Personal Finance Roundup

from MintLife Personal Finance News & Advice
 
In our quest to make the most out of our shrinking dollars, we try to make the best financial decisions in order to stretch our budgets. But when we look closely at these decisions, we sometimes wonder if they were always sound. Do our choices really save us a [...]

Textbooks on a budget

from CNN Money Top Tips
 
Thanks to new law effective last month, colleges and universities are now required to list all course materials online before the start of the semester.